As acceptance and investments in artificial intelligence (AI) increase, the industry is doing well. On Tuesday, businesses including Microsoft and Alphabet claimed that demand for their AI tools has increased.
High-quality AI cryptocurrencies like SingularityNET and Fetch.ai have also recently kept their value quite well. The originator of ChatGPT’s cryptocurrency, Worldcoin, has seen a nearly 50% increase in three days. So, is Shiba Memu the next big thing in cryptocurrency?
Fed will end the price increase.
This week, there have been three major developments. First, the U.S. earnings season resumed as over 150 companies in the S&P 500 index reported their results. Two of the biggest US companies, Microsoft and Alphabet, reported strong financial results. Most importantly, they noted that interest in the occasion and the use of their AI tools was growing.
The other major development was the introduction of Worldcoin, a brand-new cryptocurrency created by Sam Altman, the creator of ChatGPT. A digital identifier that protects anonymity, called World ID, is the basis of the cryptocurrency known as Worldcoin. As we mentioned right here, WLD is a cryptocurrency that can be used all over the world. It also offers a few AI options.
The continued success of Worldcoin is evidence that there is still a market for unique coins and technologies.
Last but not least, on Wednesday, the Federal Reserve will announce its interest rate decision. Given that it might be the last raise of the year, this decision could be crucial. According to analysts, the financial institution would increase rates by 25 foundation factors, the most in 22 years. However, there’s a probability that this would be the closing improvement as inflation is declining.
Since inflation has decreased and there are signs that the economy is slowing down, the decision to suspend interest rates may be crucial. A change like that might be advantageous for digital currency and other types of property.
Shiba Memu token auction is ongoing.
The power of Shiba Memu, a brand-new cryptocurrency with AI and meme coin features, was the other crucial piece of crypto news this week. The token’s reputation has grown more and more popular, which has helped it increase by over $1.18 million in the past two weeks. Over 40 million tokens have been purchased by the founders during the initial phase of the process.
The goal of Shiba Memu is to harness the momentum of two crucial market themes: meme cash and AI. We have witnessed the success of several new meme currencies this year, like Pepe and Milady Meme Coin. AI tokens like Fetch.ai and SingularityNET have increased by more than 500% at the same time.
There is hence a probability that the Shiba Memu coin will continue to perform well after it is finally listed on platforms like Uniswap and Binance. The Shiba Memu white paper can be read here, and you can buy the token here.
However, you should be aware of the risks associated with buying presale tokens. It’s a way to make money that has both high risk and tremendous profit. As a result, you should only invest a tiny amount of your money.
